The 99-year leasehold condo sits on a 42,764 sq ft site whose lease began in January 1969. The development has a $36 million asking price, which translates to a land rate of about $668 psf per plot ratio (ppr), including the 10% bonus balcony space and premiums payable to top-up up the lease. Under the 2014 Master Plan, the site is zoned for residential use and has a plot ratio of 1.4.